Gaming startup raises bitcoin funding from Vinny Lingham on SA's Shark Tank

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Lingham, who has founded companies like Gyft and Civic and is an angel investor in a number of South African startups, is a bitcoin evangelist, has invested R500,000 in the startup.

However, in a twist, he said the developers of Augmentors were trying to solve a problem around “creating rarity”, and that this would be solved using blockchain technology.

Lingham thus made the investment in bitcoin – approximately 59 of them – in return for a 20 percent stake in the company.

“I love gaining, AR and the team, and I think using the blockchain to create transferrable and unique in-game assets is really the future of gaming,” he told Disrupt Africa after the event.